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BIS Project Agorá completes real-value testing with 28 institutions, including five Korean banks settling KRW alongside the Bank of Korea
The BIS says Project Agorá conducted real-value testing (RVT) in July 2026: 28 financial institutions and central banks completed transactions totalling about CHF 800,000 in CHF, EUR, GBP, JPY, KRW and USD, across 17 scenarios and 30 transactions using tokenised central bank reserves and tokenised commercial bank deposits. KRW transactions totalled KRW 120 million, with the Bank of Korea among five testing central banks and Hana Bank, KB Kookmin Bank, NongHyup Bank, Shinhan Bank and Woori Bank among the testing financial institutions. Average time from payment initiation to settlement was about 80 seconds even though the prototype was not integrated with RTGS and core banking systems.
Bank for International Settlements